Thursday, December 2, 2010

Stock Market outlook - Dec 2010

Markets fell to 5765 levels from 6250 levels and recovered in the first two sessions of December to hover back at 6000 levels.

The strong support for Nifty would remain as 5800-5850 and resistance would be 6165-6185. The trading range could be between 5900 to 6150 for Nifty.

Focus would return to Mid-cap stocks and they could witness hectic buying activity. Polaris, Mphasis could outperform in December.

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